Banks launch new capital mobilisation guidelines
Major development banks are launching joint methodologies to measure and increase capital funnelled to emerging markets. The update aims to capture innovative financial tools and ease growing financing needs.
Thirty multilateral development banks launched joint methodologies on Thursday morning to measure and expand private capital flows into emerging markets. The update marks the first major overhaul of mobilization rules since 2018. The push addresses a growing gap between developing nations' financing needs and shrinking public budgets.
